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The Home Depot Foundation has announced a $30 million pledge, stretching over three years, to address veterans' housing issues. The Foundation's financial commitment will be supported by associates from The Home Depot, who will volunteer their time and home improvement know-how skills to projects across the country.�
"Our nation's veterans have made great sacrifices for our country, yet the statistics show that many of them face severe housing needs due to disability, lack of affordable housing and unemployment," said Frank Blake, the company?s chairman and CEO. "Their plight is very personal to all Home Depot associates because we have more than 35,000 veterans who work for us and an estimated 1,500 associates serving on active duty at any given time."�
The Foundation's initiative will kick off immediately by providing a total of $3.1 million to Fisher House Foundation, The Mission Continues and Volunteers of America to repair and rehabilitate facilities and homes serving veterans of all ages. In addition to funding, each of these partnerships will be supported by Team Depot, the company's associate-led volunteer force.�
Fisher House Foundation provides comfort houses for the families of veteran and active duty military patients receiving medical care at major military and Veterans Affairs medical centers. The Home Depot Foundation is providing a one-year $500,000 grant to repair and enhance many of the organization's 54 existing houses. Where possible, Team Depot volunteers will complete the work, ranging from making bathrooms handicapped accessible, to painting and landscaping.�
Volunteers of America is one of the largest nonprofit providers of affordable housing in the U.S., with a focus specifically on veterans, low-income families with children, the disabled and senior citizens. The Home Depot Foundation is providing a three-year, $1.8 million grant to repair and rehab properties where veterans and their families live. First-year projects include the rehabilitation of residential facilities in Detroit, Houston, Los Angeles and Miami, serving approximately 275 disabled and/or homeless veterans and their families at any given time. Each project will include numerous opportunities for Team Depot volunteers to get involved as well.�
The Mission Continues provides opportunities for returning veterans to lead volunteer projects in their communities or complete fellowships with nonprofit organizations. Along with a $1.05 million grant from The Home Depot Foundation, Team Depot will work with volunteers from The Mission Continues to complete more than 100 community projects during 2011. In addition, a disabled veteran will be placed at The Home Depot Foundation for a six-month fellowship to assist with project management for all volunteer projects.�
Since its formation in 2002, The Home Depot Foundation has granted more than $270 million to nonprofit organizations improving homes and lives in local communities.
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